Home Warranties: Are They Worth It?

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Home Warranties Are They Worth It?
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Its often the first question that comes to mind
whenever someone is introduced to the concept of
a home warranty Are home warranties worth
it? Its a legitimate question, but to find the
answer, you first need to understand just what a
home warranty does, what distinguishes a home
warranty from homeowners insurance, and most
importantly, what the benefits of a home warranty
include. Whats a home warranty? A home
warranty, often referred to as a coverage plan,
protection plan, or service contract, defends
homeowners against sudden major appliance and
home system breakdowns. When you have a home
warranty and something goes wrong, your plan will
help you get covered items repaired or replaced
by a qualified contractor. Depending on
the protection plan you choose, a home warranty
can cover things like plumbing stoppage and
issues with major appliances including
dishwashers, stoves/ovens, garbage disposals, and
water heaters items that would not be covered
by homeowners insurance.
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Differences between a home warranty and
homeowners insurance. A home warranty is quite
different from homeowners insurance. While your
homeowners insurance policy may cover things
like fire damage, weather damage, or property
crimes, it wont cover things like your
refrigerator motor breaking down or issues with
your cooling system. Thats where a home warranty
will benefit you. What are the benefits of a
home warranty? A home warranty provides peace of
mind and can even save you significant money when
your appliances or home systems require repair.
Instead of having to pay out of pocket to
purchase and install an entirely new home system
or appliance (which tends to be expensive), when
you have an issue with a covered item, the steps
youll follow are always the same Make a claim
with your home warranty provider. Your provider
connects you with a locally licensed service
tech. The service tech will set up an
appointment to diagnose and repair or replace the
problematic appliance or home system.
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And thats it! All you pay is a modest fee for
the service call. Some providers, including
Select Home Warranty, have no limit to the number
of repairs covered, dont require a home
inspection to purchase, and cover appliances and
home systems regardless of age. Of course, if
youre looking to sell your home, youll find
that a protection plan can help you sell it, with
most home buyers preferring to purchase a home
with a warranty. In addition, home warranties
arent just limited to covering homes. You can
even cover rental properties, condos, and mobile
homes. Should you buy a home warranty? At the
end of the day, its up to you whether a home
warranty is worth it. But many homeowners
appreciate the added value and peace of mind that
comes with never having to worry about what
theyll do when their heating system breaks, when
the washing machine makes a banging noise, when
their sump pump goes haywire, when well, you
get the idea. Article Resource-http//selecthome
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-they-worth-it.html